1. Tax on VAT Exempt Persons c.

Others – VAT
a. <P3M
b. Not VAT-Registered 4. Overseas Dispatch, Message or Conversation
10% from PH to overseas
Exceptions:

a. Self-employed who availed 8% 5. Tax on Agents of Foreign Insurance Companies

b. Cooperatives a. Fire
b. Marine
2. Carrier’s Tax c. Miscellaneous
a. Domestic Carriers
Tax Rate and Base: 3% of Gross Receipts i. 4% of total premiums collected except
reinsurance premium
ii. 5% on premium paid on owners of property
Minimum Gross Receipts: Quarterly obtain directly with foreign companies
1. Jeepney for hire
Manila and other cities P2,400 6. Amusement Tax
Provincial 1,200 a. Boxing – 10%
b. Basketball – 15%
2. Public Utility Bus c. Cockpits, cabarets, night or day clubs –
< 30 passengers 3,600 18%
30 < x < 50 6,000 d. Jai alai and race tracks – 30%
> 50 7,200

3. Taxis Boxing exempt if:

Manila and other cities 3,600
i. World or Oriental Championship
Provincial 2,400
ii. One of contenders is a Filipino citizen
iii. Promoted by Filipino citizens or corp or
4. Car for hire
association at least 60% Filipino owned
w/ chauffeur 3,000
w/o chauffeur 1,800

Higher between: 7. Stock Transaction Tax

- 6/10 of 1% of Gross Selling Price
i. Actual or Constructive Gross Receipts
- Paid within 5 banking days from the date of
ii. Minimum Gross Receipts
collection
Carrier by Passenger Goods or Cargo
Land 3% CCT 3% CCT 8. Tax on Bank and Non-Bank Financial
Air VAT VAT Intermediaries
Sea VAT VAT Bank
a. Interest, commissions, and discounts
from lending activities
b. International Carriers
Maturity period:
Carriage Incoming Outgoing 5 years or less 5%
Passenger No Business Tax No Business Tax < 5 years 1%
Goods or Cargo No Business Tax 3% CCT b. Dividends, equity shares, and net
income of subsidiaries 0%
c. Royalties, rentals of property, profits
3. Franchise Tax
from exchange and other gross income
a. 3% - Radio and/or television; <P3M
items 7%
b. 2% - Gas and utilities
 d. Net Trading Gains on Foreign Currency, 2. Place of filing – separate for each branch or
Debt Securities, Derivatives, and Other consolidated
Financial Instruments 7% 3. Short Period Return – within 20 days from
cessation of business operations or date of
Non-Bank
cancellation of registration
a. Interest, commissions, and discounts and
gross income items 5%
b. Interest, commissions, and discounts from
lending activities
Maturity period:
5 years or less 5%
< 5 years 1%

9. Tax on Winnings
a. Wins in horse races 10%
Double, trifecta, quinella and trifecta
bets 4%
Basis: Actual prize less cost of ticket

b. Owns a winning racehorse, based on

the prize – 10% of prize of each winning
horse
o File and pay within 20 days from
date tax is deducted and withheld

10. Tax on Life Insurance Premiums

- 2% of Total Premiums collected

Exception: Purely Cooperative Companies or

Associations

Not Included:

1. Refunded within 6 months after payments

2. Tax upon reinsurance that has already paid
the tax
3. Insured in a non-resident, if tax imposed by
foreign company where branch is
established
4. Variable contracts

BIR Form 2551Q

BIR Form 2552 – Stock Listed and Traded through the

Local Stock Exchange

Filing and Payment

1. Within 25 days after end of every quarter